Yeah my concern as I’ve voiced before is they focus too much on what’s been sunk.. rather than best decision going forward. But there is a fresh new board who don’t have that baggage.
One arrangement I think could work well is someone buys an option on nifty whereby they fund the C&M bills (Circa $1m per month) and exploration costs on other tenements for up to 24months on which they can then decide to take 51% of the operation by contributing the first $15m to redevelopment.. after that each partner shares the costs. That’s probably an net present cost of $25-$30m. And if Sandfire want a piece and want to relocate their workforce in 24 months once Degrussa runs out what better way, they can do a bunch of studies on the restart and best way to attack it whilst the copper market sorts itself out
MLX Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
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